Is Buying NF Energy Saving Corp (NFEC) Here a Winning Strategy? The Stock Formed Bullish Descending Triangle

July 18, 2017 - By Migdalia James

Investors sentiment decreased to 0.5 in Q4 2016. Its down 2.50, from 3 in 2016Q3. It worsened, as 1 investors sold NF Energy Saving Corp shares while 1 reduced holdings. 0 funds opened positions while 1 raised stakes. 31,624 shares or 49.53% less from 62,657 shares in 2016Q3 were reported.
Citadel Advsrs Limited Liability Company holds 0% of its portfolio in NF Energy Saving Corp (NASDAQ:NFEC) for 19,532 shares. Kcg Holding holds 12,092 shares or 0% of its portfolio.

The stock of NF Energy Saving Corp (NFEC) formed a descending triangle with $0.94 target or 7.00 % above today’s $0.88 share price. The 6 months triangle pattern indicates low risk for the $5.76 million company. If the $0.94 price target is reached, the company will be worth $403,200 more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock decreased 3.68% or $0.034 on July 17, reaching $0.877. About shares traded. NF Energy Saving Corp (NASDAQ:NFEC) has risen 39.16% since July 18, 2016 and is uptrending. It has outperformed by 22.46% the S&P500.

More notable recent NF Energy Saving Corp (NASDAQ:NFEC) news were published by: Prnewswire.com which released: “NF Energy Saving Corporation Announces Establishment of a New Company” on March 27, 2017, also Prnewswire.com with their article: “NF Energy Saving Corporation Announces The New Contract Signed by NF Energy” published on September 20, 2016, Prnewswire.com published: “NF Energy Saving Corporation Announces Business Cooperation with India Company” on January 19, 2017. More interesting news about NF Energy Saving Corp (NASDAQ:NFEC) were released by: Prnewswire.com and their article: “NF Energy Saving Corporation Announces 2016 Third Quarter Financial Results” published on November 14, 2016 as well as Prnewswire.com‘s news article titled: “NF Energy Saving Corporation Signs $880000 New Contracts in China” with publication date: October 20, 2016.

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